Mirasol Resources (CVE:MRZ) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Mirasol Resources Ltd. (CVE:MRZ) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.46 and traded as high as C$0.57. Mirasol Resources shares last traded at C$0.55, with a volume of 15,595 shares changing hands.

Mirasol Resources Trading Down 6.8 %

The company has a debt-to-equity ratio of 2.50, a current ratio of 4.20 and a quick ratio of 8.86. The stock’s 50-day moving average is C$0.46 and its two-hundred day moving average is C$0.44. The company has a market cap of C$38.35 million, a P/E ratio of -3.44 and a beta of 1.48.

Mirasol Resources (CVE:MRZ) last released its quarterly earnings results on Monday, October 28th. The company reported C($0.03) earnings per share (EPS) for the quarter.

About Mirasol Resources

Mirasol Resources Ltd. engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina. The company explores for gold, silver, and copper deposits. Its flagship projects include the Sobek Cu project, which covers an area of 11,100 hectares located in northern Chile; and the Inca Gold that covers an area of 16,300 hectares located on the Paleocene belt of Chile.